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to his last, which isn't rocket science. it's just common sense. from td ameritrade. >>> welcome back. you're watching "squawk on the street" live from the financial capital of the world. opening bell set to ring in a little less than two mississinu. the man on that balcony right there. normally it is celebratory. today is more about resolve. making this thing happen amid difficulties and problems. no guarantees about how today is going to go. they are as sure as anybody expected them to be even once we started getting that surge in the new york harbor. >> bloomberg terminal is not doing that well now. that story. bob steel worked at goldman. this ubs news is moving everything august of the big international banks. this is an underreported story. >> i want to do more. hopefully within our broadcast. we have so many things to cover. i agree with you. i want to get to ubs. it does have far reaching implications potentially for what they did. hopefully we'll have more on that. >> ubs and deutsche bank. higher trades in the banks overseas. financials here on the s&p 500 is the best perfor
, which isn't rocket science. it's just common sense, from td ameritrade. >>> normally around this time we would talk about the opening bell doing stock chat. the markets are closed. i made a quick list this morning of broad sectors off the top of my head. travel, banks, exchanges, retailers, restaurants, insurers, and utilities. >> i tell you what will happen which is part and parcel with 2012. the quarters will be reported and everyone will use this as an excuse of why things are not so great. refining company lose as couple days. the supermarkets, we have numbers there. clearly when you went to the supermarket this weekend they were selling stock that would probably otherwise be there forever so you can restock. kroger up nicely last week in anticipation of a big rush this weekend. >> look at this note from citi. the note put out on friday detailing exposure that retailers have. most exposure to the east coast where the hurricane is going to hit. super value up 34% of stores in the northeast. you mention drugstore chain or supermarket is where people might go to stock up for preparation
and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. >>> president obama has declared a major disaster for new york city and new jersey after superstorm sandy left 16 dead along the east coast. millions on the east coast left in the dark this morning. an estimated 7.8 million are believed to be without power and experts say it could be several days before it's restored. a huge fire ripped through breezy points in queens destroying 50 homes in one of the most remote neighborhoods. new york city subways remain closed after water poured into the subway systems and tunnels around manhattan. an mta spokesperson called it the worst damage to the subway system in its 108-year history. >>> the storm collapsed a construction crane in manhattan. robert frank is in new york on the scene with the latest. robert? >> reporter: there is some new information. i spoke to the fire chief who came out of the big meeting with the building developer, the engineer, the crane op rater and he said they're at the mercy of the weather. they cannot do
straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >>> about 40 seconds to the opening bell as we -- at the big board today, it's november. it's a nonprofit organization supporting men's health. men grow mustaches, david favor. grow mustache for cancer research. >> you do it, i'll do it. >> you wan to -- i look like juan valdez, but i'll try. the wall street watch organization along with the nypd, what an amazing job the port authority there did have done over the past few days. i keep thinking about the firemen who had problems with their own homes. they just keep working through the night. it is unbelievable here in manhattan and anywhere that's been affected along the eastern parts of the united states. a lot to go on today, jim, one of the big stories from last night, carl icon, and netflix. >> something of a surprise there, one would think. carl's also a value guy. i have not spoken to mr. icon about it. maybe there will be a guess on your show later, you never know. but one would imagine,
, which isn't rocket science. it's just common sense, from td ameritrade. >>> we're back to watch what some traders are calling the first real test of the market this week because we have the first ipo opening after sandy, restoration hardware. we'll talk with the ceo in a moment. we're told the idea of delaying it was never really seriously broached. the only question was whether to get everyone here it physically. it appears they're going to do that, work on this and we'll see how liquidity operates in the new environment. the salvation army helping those in need during hurricane sandy and our thanks to them after all the good work to them. >> restoration hardway isn't the only ipo in the test of the markets post-sandy. we have a natural gas partnership and dkl also pricing light restoration hardware at the top end of its range. so it's a big day here overall. restoration hardware, right behind us. a bird's eye view of what's going on with this. priced at $24 which is the top ebbed of the range, $28 to $30 looks like the range right now. we'll see where this goes as we approach it an
Search Results 0 to 4 of about 5